The spot trading of fats and oils is gradually resuming, and it is expected to continue the overall trend of oscillating with a slight upward bias in the near future.

2026-03-17 01:59:42

Yesterday, the CBOT soybean oil market continued to fluctuate and rise. The demand speculation for soybean oil driven by the U.S. biofuel policy is still ongoing. The U.S. Environmental Protection Agency is about to submit a new biofuel blending volume authorization proposal to the White House, which may be finalized before the end of March. Yesterday, Malaysia’s palm oil market declined for the third consecutive day, as weak export demand limited the market’s rebound. The spot trade of fats and oils is gradually recovering. As domestic companies resume work and schools reopen, the demand for cooking and catering oils is expected to gradually pick up. Overall, the market is expected to continue fluctuating with a slight upward trend in the near future. (China Feed Industry Information Network)

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